Friday, October 19, 2007
House price crash the least of our worries?
19th October 2007 marks the 20th anniversary of 'Black Monday', the day world stockmarkets crashed. In a single day, the FTSE 100 share Index plummeted by 11%, wiping billions of pounds from the London stockmarket. Halifax Financial Services examines how the stockmarkets around the world have performed since Black Monday. New research from Halifax Financial Services shows that UK stock prices are, on average, currently more than three times (223%) higher than on Black Monday (19th October 1987). On Black Monday the FTSE Index fell from 2302 to 2052 - a fall of 11%.